ECB Vice President Luis de Guindos said Eurozone is on track for solid and broad-based growth. And there is increasing confidence for on inflation. But he also warned that “downside risks to the outlook stem from the threat of increased protectionism, rising oil prices and its impact on inflation and global growth, as well as very elevated levels of global debt.”
Meanwhile, the relatively muted reactions on ECB’s June policy meeting suggested that the policy stance is appropriate. He also emphasized that “monetary policy will be firmly guided by the outlook for price stability and our stance will evolve in a data-dependent and time-consistent manner.”
